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Camara Swaps Curve Shifts Lower Following BCCh Decision

CHILE
  • Strong moves in Chile Camara swap rates following the 150bp hike from the BCCh and the somewhat dovish guidance to expectations. USDCLP also gaining traction to the topside, rising 1% from the open.
  • Moves come ahead of the IPOM release and as a reminder, BCCH President Costa will be speaking later today:
    • 1-yr -66 bps at 8.18%
    • 2-yr -47 bps at 7.57%
    • 5-yr -40 bps at 6.46%
    • 10-yr -45 bps at 5.79%
    • USDCLP up 1.01% at 788.28

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